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HKEx Publishes Consultation Paper on Proposed Changes to Requirements for the Listing of Debt Issues to Professional Investors Only
On 17 December 2010, Hong Kong Exchanges and Clearing Limited (“HKEx”) published a consultation paper on proposed changes to the requirements for the listing of debt securities targeted exclusively at professional…
HKEx Amends Listing Rules to Accept Mainland Accounting and Auditing Standards and Mainland Audit Firms for Mainland Incorporated Companies Listed in Hong Kong
Hong Kong Exchanges and Clearing Limited (“HKEx”) published on 10 December 2010 its Consultation Conclusions on the Acceptance of Mainland Accounting and Auditing Standards and Mainland Audit Firms for Mainland…
SFC SEHK Publish Joint Consultation Conclusions on the Proposal to Allow the Issue of Paper Application Forms with Electronic Listing Documents
On 1 April 2008 the Securities and Futures Commission (“SFC”) and The Stock Exchange of Hong Kong (“SEHK”) issued a Joint Consultation Paper proposing to allow listing applicants to issue paper application forms…
SFC Publishes Consultation Paper on the Regulatory Framework for pre-IPO Research Reports
The Securities and Futures Commission (“SFC”) has published a Consultation Paper on possible amendments to the regulatory framework governing investment research reports issued before a first listing of equity…
Registration of Investment Managers with Sec
The Private Fund Investment Advisers Registration Act of 2010 (Act) was recently signed into law in the U.S. as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, resulting in changes to…
SFC Publishes Consultation Conclusions Concerning the Regulatory Oversight of Credit Rating Agencies
The Securities and Futures Commission (SFC) has recently released its consultation conclusions regarding the regulatory oversight of credit rating agencies (CRAs). The SFC published a paper on the subject on 19 July…
HKEx Admits Brazil Japan and the Isle of Man as Acceptable Jurisdictions of Incorporation for Overseas Listing Applicant
Hong Kong Exchanges and Clearing Limited (HKEx) published three listing decisions last month, October 2010, increasing to thirteen the number of acceptable jurisdictions of incorporation for overseas companies…
HKEx Listing Committee Announces Interim Guidance on pre-IPO Investments
The publication on 13 October 2010 of interim guidance on pre-IPO investments aims to clarify the position in relation to pre-IPO investments pending a consultation on possible Listing Rule amendments. This comes…
SFC Publishes Consultation Paper on the Evidential Requirements under the Securities and Futures Professional Investor Rules
The Securities and Futures Commission (“SFC”) has published a consultation paper on a proposal to refine the evidential requirements for evidencing a person’s professional investor status (“Consultation Paper”).
HKEx Publishes Consultation Paper on Proposed Reduction of Required Minimum Number of Shareholders for the Market Capitalisation-Revenue Test
The Stock Exchange of Hong Kong (“HKEx”) has published a consultation paper on a proposed change to the minimum number of shareholders required for applicants listing under the Market Capitalisation/Revenue Test…
Consultation Conclusions on the First Phase Consultation of the Draft Companies Bill Published
On 30 August 2010, the Financial Services and the Treasury Bureau (“FSTB”) published its Consultation Conclusions on the First Phase Consultation of the draft Companies Bill (“CB”) (“Consultation Conclusions”)…
SFC Dual Filing Update Identifies Shortcomings in Prospectus Disclosure
The Securities and Futures Commission (SFC) published its latest Dual Filing Update in July 2010 highlighting deficiencies in listing applications received during the six months ending March 2010. Out of 68 listing…